a bigger correction is overdue, the current downbreak is likely to continue again
i highlighted two possible scenarios for a dollar to retrace to important fibos. The current equity rallye is crazy and overstretched, i am still awaiting a pullback in equities and with that a bouncing us dollar. We will see... This is my second try to long the dollar.
USD broke its current downwards trend and confirmed the breakout. I am awaiting a usd bounce. The long-term trend from early march is yet still uncorrected. It will be interesting to see when this happens. We have a lot of potential in the USD. The ECB just announced another expansion of their monetary policy, what will probably weaken the euro.
After a sideways market over weeks, we get new signals in the Dax combined with all other indices, with a second corona wave and a overdue correction the indices start declining again
larged my short position on the S & P and still expect a correction
broad profit taking in the equities is triggering a next move in the Dollar. This fits perfectly to our EUR short.
S & P gives a short signal while we are waiting for a little correction in the indices. This is a nice mid-term short entry for the next move the upcoming couple of days. This also confirms our running EUR/USD short.
broke of the current uber bullish trend, this opens up a window for some correction, a correction is furthermore still overdue after the breakout... time to take profit in the indices for the moment and consider the situation newly after we spend some time for correction.
got a nice risk reward ratio of 2.86 with a moderat risk buffer of 1 %. The Dow is currently trading in an upwards channel and nicely supported fundamentally today by positive news with UK approving Pfizers corona vaccine. With that enough indicators pointing towards some bullish price action.
EUR is giving us an outbreak signal to the upside with a collapsing Dollar and rising stocks. This is signal is confirming the outbreaks of the inidices and gives us a sign of continuously rising stocks...
Nasdaq follows its brothers on the road to growth, with the Nasdaq following its brothers a decision has been made.
Im awaiting strong growing from local support and MA. AApl also broke and retested its trend and is developing the same pattern as the S & P
S&P fights through its trend, outbreak is confirmed on the lower time frame, this is a signal i was waiting for to enter bullish trades Ps. Dow and Dax are also moving uber bullish, Nasdaq is left behind, seems like we changed the pole positions with the new us administration, it makes perfect sense to me
S&P joins Dax flagging a solid correction, we would expect the previous mighty impulse to continue soon, but this flag is not looking too bullish though, and we trade on aths, who will buy here ? But we will follow price and see where we are breaking. The current market sentiment is quite bullish in my opinion with biden bringing stability, vaccine news and the...